As your MTF Position is essentially a Holding funded by Upstox and pledged with CDSL, we won't be able to release the funds in your funds section immediately after they're squared off.
They will adhere to the rules applicable for T1 Holdings throughout their entire life cycle of 365 days (on a temporary basis), and the funds will be visible and available for use from the next trading session.
Terms & Conditions Apply:
RIGHTS & OBLIGATIONS OF STOCK BROKERS & CLIENTS FOR MARGIN TRADING FACILITY (MTF) - NSE & BSE